Oppenheimer Forecasts Strong Price Appreciation for Compass (NYSE:COMP) Stock

Compass (NYSE:COMP) had its target price raised by investment analysts at Oppenheimer from $8.50 to $9.50 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price objective would indicate a potential upside of 33.43% from the stock’s current price.

COMP has been the topic of several other reports. Needham & Company LLC restated a “buy” rating and issued a $8.00 price objective on shares of Compass in a report on Tuesday. UBS Group boosted their price target on shares of Compass from $4.40 to $6.50 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Barclays boosted their price objective on Compass from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.58.

Compass Stock Down 2.9 %

NYSE COMP opened at $7.12 on Tuesday. Compass has a 52 week low of $2.42 and a 52 week high of $7.69. The business’s fifty day simple moving average is $6.28 and its 200-day simple moving average is $5.11. The firm has a market cap of $3.63 billion, a PE ratio of -17.80 and a beta of 2.89.

Insider Activity at Compass

In other news, major shareholder Excalibur (Cayman) Ltd Svf sold 7,500,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $6.24, for a total transaction of $46,800,000.00. Following the completion of the sale, the insider now owns 68,070,273 shares in the company, valued at $424,758,503.52. This represents a 9.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert L. Reffkin sold 705,083 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $5.92, for a total value of $4,174,091.36. Following the sale, the chief executive officer now owns 239,219 shares of the company’s stock, valued at $1,416,176.48. This trade represents a 74.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,237,983 shares of company stock valued at $57,751,622 over the last three months. 6.25% of the stock is owned by corporate insiders.

Compass Company Profile

Compass, Inc provides real estate brokerage services in the United States. It operates a cloud-based platform that provides an integrated suite of software for customer relationship management, marketing, client service, operations, and other functionality in the real estate industry. The company offers mobile apps that allow agents to manage their business anytime and anywhere, as well as designs consumer-grade user interfaces, automated and simplified workflows for agent-client interactions, and insight-rich dashboards and reports.